Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.8% APRnext payment −$1.71 per $10,000 · paid last 24h −0.041%
Price spread now: Orderly against Gate+0.252%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.252%, 7d avg +0.139%
=The price spread pays, funding is against you. Orderly is 0.112% dearer against Gate than usual: you sell high and buy low (spread +0.252% now, against its 7-day average of +0.139%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.124% in total) that is about 6.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPX500_USDT | 7,742.6 | −0.0045 | get 0.0045% / 8h | 6h 28m | $1.7M | $138K | 100x |
| Short | Orderly PERP_SPX500_USDC | 7,762.1 | −0.0216 | pay 0.0216% / 8h | 6h 28m | $361K | $132K | 20x |
Gate SPX500_USDT
Orderly PERP_SPX500_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.98
- Price spread: +0.252% → +0.139%
- $11.24
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$45.74
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 4 min ago | 8.73 bp | 42.0 bp −$42 | 73.0 bp −$730 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPX500 on 5 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SPX500_USDCshort | −0.0216% | 8h | 7,762.1 | +0.252% | $361K | $132K | 20x | |
| MEXC SPX500_USDT | −0.0084% | 8h | 7,765 | +0.289% | $70.8M | $49.2M | 200x | as long as short |
| Gate SPX500_USDTlong | −0.0045% | 8h | 7,742.6 | long leg | $1.7M | $138K | 100x | |
| SunX SPX500-USDT | +0.0050% | 1h | 7,710.3 | −0.417% | $2K | $2.6M | 20x | as long as short |
| HTX SPX500-USDT | +0.0050% | 1h | 7,754.9 | +0.159% | $501K | $224K | 30x | as long as short |
MEXC SPX500_USDT
SunX SPX500-USDT
HTX SPX500-USDT